Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: HTX against Bitget+0.226%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.496%−$50 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now +0.226%, 7d avg −0.123%

Together, before fees−0.420%−$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.349% dearer against Bitget than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	146.94	0.0100	pay 0.0100% / 8h	3h 38m	$30.3M	$17.2M	75x
Short	HTX AAVE-USDT	147.27	0.0100	get 0.0100% / 8h	3h 38m	$750K	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HTXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $0
Price spread: +0.226% → −0.123%: $34.85
Slippage, 4 orders: −$59.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.56
Costs to cover: 0.834%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; HTX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 10 min ago	0.34 bp	12.6 bp −$13	22.1 bp −$221	74.8 bp −$7,484	doesn't fit
Sell HTX live order book, 1 min ago	12.96 bp	43.5 bp −$43	85.8 bp −$858	doesn't fit	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.2671%	1h	146.78	−0.109%	$213K	$379K	50x	as long as short
SoDEX AAVE-USD	−0.0167%	1h	147.08	+0.095%	$5K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0060%	1h	147.16	+0.146%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.25	+0.211%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.28	+0.232%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.05	+0.075%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.21	+0.184%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.792%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0036%	8h	147.04	+0.068%	$18.4M	$65.2M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.15	+0.144%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0047%	1h	147.18	+0.160%	$839K	$431K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	147.08	+0.095%	$18K	$12K	10x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	147.33	+0.265%	$11K	$2K	5x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	146.97	+0.020%	$33.1M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	147.04	+0.068%	$66.7M	$175.5M	75x	as long as short
Variational Omni AAVE	+0.0088%	8h	146.56	−0.262%	$3.8M	$1.3M	—	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.27	+0.224%	$184K	$240K	10x	as long as short
Gate AAVE_USDT	+0.0092%	8h	147.05	+0.075%	$7.9M	$14.7M	75x	as long as short
Lighter AAVE	+0.0096%	1h	147.25	+0.210%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0096%	8h	146.27	−0.453%	$460K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.24	+0.203%	$14K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.26	+0.218%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.28	+0.234%	$345K	$484K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.05	+0.075%	$62.1M	$63.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.22	+0.191%	$52K	$336K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.03	+0.061%	$10.4M	$8.4M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	146.94	long leg	$30.3M	$17.2M	75x
BingX AAVE-USDT	+0.0100%	8h	147.02	+0.054%	—	$43.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	147.13	+0.129%	$349K	$597K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.25	−0.472%	$100K	$309K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.30	−0.436%	$136K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.22	+0.191%	$132K	$465K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.08	+0.097%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	147.27	+0.226%	$750K	$4.8M	75x
Phemex AAVEUSDT	+0.0100%	8h	147.09	+0.102%	$4.2M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.25	−0.470%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.04	+0.071%	$950K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	147.17	+0.154%	$124K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0206%	8h	147.13	+0.129%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	147.39	+0.306%	$801K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.12	+0.122%	$129K	—	100x	as long as short
Hyperliquid AAVE	+0.0527%	1h	147.29	+0.238%	$84.1M	$30.4M	10x	as long as short